Elevator Pitch is a regular feature on Lifehacker where we profile startups and new companies and pick their brains for entrepreneurial advice. This week, we're talking with Dawoon Kang from Coffee Meets Bagel.
In 128 words or less, explain your business idea.
Coffee Meets Bagel is a dating app for young professionals who are looking for real relationships. As opposed to traditional dating apps where people are inundated with endless profiles (think Tinder), Coffee Meets Bagel delivers one, high quality match to our members every day at noon.
What strategies are you using to grow and finance your idea?
The best thing a consumer tech company can do to grow is to listen to your customers and continue to incorporate their feedback to deliver the best product. Our strategy is to listen to our customers and to iterate as fast as we can.
What's the biggest challenge facing your business?
Dating is a crowded market. Consumers have heard it all and are sceptical. You need to be able convey your point of difference quickly.
How do you differentiate your business from your competitors?
We are razor-focused on delivering high quality matches to our members, nothing else.
What one phone, tablet or PC application could you not live without?
What's the best piece of business advice you've ever received?
Two companies of equal calibre exist. If one company iterates 15 times in a year and the other company 50 times, the latter will always win.
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